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The Nexus
BUSINESSJul 7 · 17:27 UTCTHE RIO TIMESMatias Sebastian Lopez

Pemex Has All but Stopped Looking for New Oil, and That Should Worry Investors

Pemex's exploratory drilling in early 2026 reached a 29-year low, with only one exploratory well completed in the first quarter compared to 24 development wells. This decline in exploration raises concerns for investors as it may impact future oil reserves.

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